After dumping more than $3,000 in a stupid trade over three years ago, I haven't worked in my primary trading account since. I didn't know what I was doing and so cocky that I didn't know that I didn't know what I was doing. I defunded the account shortly afterward, leaving just enough money to allow IB to keep my Practice Account functioning.
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After 3+ years of practice trading including two years full time, and after two months of long-only live trading in a retirement account, I once again fully funded my trading account last Friday and made my first live trade today. Long 1000 shares of TNA at $85.06 then exit at $85.90; gain of $829.
(I have been trading live in a retirement account over the past 60 days but it is not a long/short account given it has no margin. So in my eyes, my live trading began today)
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I will mostly work with less size than 1000 shares but the aggressive move down in TNA today gave me more confidence to go long full strength from the bottoming area where I entered. Nice bounces come from large drops.
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Added another $50 for my second and final trade in TNA. Long 250 shares at $85.04 and exit $85.25. Wow, missed a lot of potential $ by exiting far too soon. The move ended at $85.83, allowing me the potential of 79 cents had I hung in there.
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Total Daily Gain $880.
